Contributors Technical Analysis EUR/JPY Breakout In Play

EUR/JPY Breakout In Play

EUR/JPY is trying to breakout from the confluence area formed at the intersection between the median line (ml) with the second warning line (descending dotted line) of the minor descending pitchfork.

A valid breakout through the mentioned confluence area will accelerate the upside movement. Price has finally escaped from the minor ascending channel between the sliding lines (SL), signaling a further increase.

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